What is confiscation? At its core! it is a means of restoring justice. Traditional Confiscation as a confiscation! tied to a court sentence! often looks like punishment for a criminal! but special confiscation is something more. It does not require a person to be physically held accountable and allows criminal assets to be “ripped” from shadowy schemes.
This mechanism has become relevant in a world where crimes twitter data cross borders. Many countries understand that international cooperation is the only chance to escape the pressure of global corruption. But does it work easily? My practice shows: not at all.
Switzerland: how the country works with criminals’ money
When I first immersed myself in the Swiss legal system! I was struck by its incredible formality. Every Confiscation as a step is spelled out down to the smallest detail! and even the slightest mistake can set a case back years. For Ukraine! turning to Switzerland is a test of the accuracy of our legal work.
Switzerland has long been an island of stability for money who is suitable for such investments? from around the world! including that obtained illegally. It was only in 2015! after high-profile scandals! that the country began to tighten control over “dirty” money.
However! it is still a complex game! where the key figures are lawyers! economic criminals! bankers and politicians. As is known from sources on the Internet! the money of Viktor Sivits and his wife did not end up in Switzerland by accident. It was a carefully planned process using shell companies! offshores and trust accounts.
Lessons from international cooperation
The experience of Switzerland! the USA or the UK shows that special confiscation aub directory works effectively where there is real control over financial flows. For example! the UK has been using so-called unexplained wealth orders (UWO) for several years! which allow to demand explanations about the origin of wealth. If the owner cannot explain where the money came from! the state confiscates the assets.
